NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...

Dollar Falls Against Yen as Nikkei Disappoints

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Hiroyuki Kachi The dollar lost 0.4% against the yen Tuesday, as a lackluster Tokyo stock market and jaw boning by a Japanese government adviser took the legs from the greenback's overnight rally, pushing it below the Y120 mark. Around ...

IRS Confirms Illegal Immigrant Tax-Refund Ruling, Sparking GOP Outcry

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By John D. McKinnon WASHINGTON--The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama's recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans. The IRS explanation ...

Caixabank Plans to Quadruple Profitability Measure by 2018

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Jeannette Neumann BARCELONA-- Caixabank SA on Tuesday said it plans to quadruple a key measure of profitability during the next four years by clamping down on costs and boosting revenue amid Spain's modest economic recovery. Spain's No. 3 bank ...

Glencore Returns to Profit, Increases Dividend--2nd Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

Glencore Returns to Profit, Increases Dividend--Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

European Stocks Creep Higher

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Josie Cox European stocks inched higher Tuesday, fueled by forecast-beating German data and advances on Monday in the U.S., which saw the S&P; 500 and the Dow Jones Industrial reach fresh record highs. The Stoxx Europe 600 index added ...

Australia's Abbott Drops Health-Care Fee Plan

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Rob Taylor CANBERRA, Australia--Australian Prime Minister Tony Abbott on Tuesday dropped plans to introduce an unpopular patient co-payment fee to offset rising costs in the nation's health-care system. Mr. Abbott unveiled the proposal for a co-pay fee in the ...

AstraZeneca Completes Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

LONDON--Pharmaceutical giant AstraZeneca PLC (AZN.LN) said Tuesday it has completed the acquisition of the rights to Actavis' branded respiratory business in the U.S. and Canada. As announced on Feb. 5, the transaction strengthens AstraZeneca's respiratory franchise globally and builds on ...

Inflation in Developed Economies Halved in January, OECD Says

TODAY: March 3, 2015 PUB DATE: March 3, 2015

The annual rate of inflation across the world's developed economies more than halved in January, reaching its lowest level since the recession that followed the global financial crisis. While consumer prices rose at a faster pace in a small number ...

Dos Santos Tries to Foil Caixabank's Bid for Banco BPI -- 2nd Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Patricia Kowsmann LISBON-- Isabel dos Santos, Africa's wealthiest woman and the second-largest shareholder of Portugal's Banco BPI SA, on Monday reacted to a takeover bid for that bank by a Spanish lender by suggesting another deal instead: a merger ...

BlackBerry to Launch Four New Devices in 2015 - Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Ben Dummett and Archibald Preuschat BARCELONA-- BlackBerry Ltd. said Tuesday a new touch-screen phone will be one of four devices it launches this year, as it bolsters its turnaround effort---which is geared to selling mobile security software to enterprises--with ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By James Glynn SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open the option of ...

Athabasca Oil Receives Payment From PetroChina Canadian Unit

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Chester Dawson CALGARY-- Athabasca Oil Corp. on Monday said it received the first of three payments owed to it by one of China's largest state-run energy companies, part of a deal announced last summer to complete the sale of ...

Merck Profit Slips Despite Revenue Gains

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Neetha Mahadevan FRANKFURT--German pharmaceutical company Merck KGaA said Tuesday that fourth-quarter net profit fell slightly but revenue surged on growth in all its divisions and its acquisition of AZ Electronics. Net profit for the quarter ended Dec. 31 fell ...

China Monetary Policy Remains Neutral

TODAY: March 3, 2015 PUB DATE: March 3, 2015

BEIJING--China's monetary stance has remained neutral despite recent cuts in interest rates and banks' reserve requirement ratio, the Financial News reported Tuesday, citing former central bank vice governor Wu Xiaoling. "There are some misunderstandings about the monetary policy, that is, ...